45 Eisenhower DrParamus, NJ 07652

Property Details for 45 Eisenhower Dr

Year built

2000

Construction

BRICK

Lot size

9.70 AC

Property size (Sq ft)

178,258 SF

Property type

Other commercial real estate

APN

46 01802-0000-00006

APU

4601802000000006

Description

This exceptional five-story, Class A office building, totaling approximately 175,149 square feet, sits on a nearly 10-acre lot in the thriving Paramus, New Jersey office market. Located at 45 Eisenhower Drive, this property boasts a 91.1% occupancy rate and offers 663 parking spaces. Its prime location provides easy access to major roadways including Route 17, the Garden State Parkway, and Route 4, ensuring convenient commutes for tenants. The building features a diverse tenant base across various sectors, including healthcare, finance, technology, law, and real estate, demonstrating strong tenant retention with an average tenancy of nearly 12 years and a weighted average lease term remaining of over 4 years. This presents a compelling investment opportunity, further enhanced by the possibility of assuming existing financing at a fixed interest rate of 4.75%, significantly below current market rates. The property's strong cash flow, coupled with its strategic location and impressive tenant roster, makes it an attractive asset for discerning investors seeking a stable and profitable investment in Northern New Jersey's dynamic office market. The building's substantial size and ample parking further contribute to its appeal.

• Alternative Use

  Use

  Valuation

  Residential

  $33,733,384

  Hospitality

  $30,899,600

  Educational

  $25,708,104

  Medical

  $26,592,246

  Retail

  $39,990,384

Location Insight

City

Paramus

County

Bergen

State

New Jersey

Latitude

40.9294

Longitude

-74.0752

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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